Introduction
Trends abound, rival technologies compete for market acceptance, and there are inevitable shake-outs that separate the wheat from the chaff.
Nowhere on the payments landscape is this clearer than in the quest for dominance in the contactless payments arena.
What is emerging is a landscape rich in diversity serving a variety of consumer needs. The solutions that are poised to give rise to wider spread consumer adoption include:
- Radio Frequency Based Technologies
- Infrared Devices
- Carrier-Based Mobile Phone Technologies
- Microwave Technology
These varying technologies are packaged quite differently and utilize a number of payment methods. These methods leverage traditional card payment infrastructure, account-based payment methods and stored value programs.
This report provides a baseline introduction to each of the technologies and programs as well as provides updates on the latest developments currently available. As with many emerging technologies, developments occur quickly. (Mercator Advisory Group members are encouraged to contact us directly for the very latest updates on these programs).
Due to the depth and richness of these solutions and their potential impact and integration with smart card / chip technology, this will be one of many related reports in this area.
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